Category: Finance

Retail Asia01/09/2023
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11min0
Total consolidated revenue of RongViet Securities in the first six months of 2023 reached VND352.1 billion. The recovery of the market helped the company’s investment portfolio revert to VND186.3 billion from the depreciated valuation expense, thereby reducing the total cost to VND146.8 billion. As a result, RongViet recorded a consolidated pre-tax profit of VND205.3 billion […]

Retail Asia30/08/2023
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2min0
Zurich-based energy transformation specialist EIP is putting the assets of Swiss pension funds into a joint venture for electric mobility. The partners want to set up 100 new domestic charging stations for e-cars. Energy Infrastructure Partners (EIP), a Zurich-based energy transformation asset manager, signed an agreement with French e-charging station operator Electra on behalf of a […]

Retail Asia22/08/2023
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7min0
Last month when Apple started promoting hashtags for Apple Pay on X, we wondered whether this was the start of a marketing campaign for the service. Apple has indeed started to promote Apple Pay using a tagline that was one of those seen with a hashtag on X: #PayTheAppleWay. For the tech giant, it is a volume business; […]

Retail Asia22/08/2023
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2min0
Vietnam’s benchmark VN-Index rose 0.15% to 1,179.76 points Monday. The index closed 1.77 points higher after losing 55.49 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 38.49% to VND22.17 trillion ($930.73 million). CTG of state-owned lender VietinBank led with a 4.2% rise, followed by BID of state-owned lender BIDV, […]

Retail Asia21/08/2023
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10min0
Many cryptocurrency mining applications similar to Pi Network are being introduced again on Facebook and Telegram accounts in Vietnam. “Starting a business with 0 dong from Peace Network. Having an opportunity like Pi Network, why not try it?,” an account named Ngoc Van posted on a Facebook group about blockchain with more than 100,000 members, […]

Retail Asia15/08/2023
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3min0
Marcel Roca worked in human resources at Credit Suisse for nearly half a century, bringing in big banking names. Now he works for Iqbal Khan’s asset management unit at UBS. Marcel Roca (pictured below) has taken on a new role in UBS’ Global Wealth Management (GWM) business headed by former Credit Suisse banker Iqbal Khan, finews.com research reveals. Roca will […]

Retail Asia09/08/2023
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2min0
Apple Pay has arrived in Vietnam, enabling users to make contactless money transactions through an iPhone or Apple Watch. Vietnam is the third country in Southeast Asia to allow Apple Pay after Malaysia and Singapore. Several lenders such as MB Bank and Techcombank now support Apple Pay services at some establishments such as Starbucks, Phuc […]

Retail Asia09/08/2023
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2min0
American cherry prices have fallen to a new low of VND250,000 ($10.53) per kilogram in Vietnam. Loan in Ho Chi Minh City, who usually consumes imported fruits, said she recently bought half of last year’s American cherry prices. Stores now sell red cherries at VND250,000-340,000 and yellow cherries, considered more premium, at VND350,000. My Hanh, […]

Retail Asia08/08/2023
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3min0
In the coming months, UBS will look to downsize Credit Suisse’s investment banking unit globally. Within Asia, the top regional leaders have reportedly been unveiled. UBS appoints Kuan-Ern Tan as co-head of Asia coverage, alongside John Lee, according to a report citing an internal memo. Tan will also partner with Nicolo Magni, head of global banking Southeast Asia & […]

Retail Asia07/08/2023
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1min0
SJC gold price increased 0.07% to VND67.35 million ($2,843.57) per tael Monday morning. Gold ring price downed 0.08% to VND57.05 million per tael. A tael equals 37.5 grams or 1.2 ounces. Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while […]

Retail Asia02/08/2023
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1min0
Le Quoc Long, for the last 18 years the deputy CEO of SeABank, has been named its new acting CEO with effect from Tuesday. He replaces Loic Faussier, who resigned for personal reasons after being with the bank for three years as CEO and in other key positions. Long, 58, has accounting and law diplomas […]

Retail Asia28/07/2023
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4min0
Swiss wealth and asset manager Vontobel delivers strong first-half results as the wealth management unit performs strongly. However, institutional investors «continue to defer investments which was reflected in negative outflows. The firm plans to hire over 50 Relationship Managers this year. Vontobel reported that its wealth management unit delivered «very strong» performance in the first half, […]

Retail Asia27/07/2023
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5min0
Technological and Commercial Joint Stock Bank (Techcombank) is redefining banking services by using digital corporate identity and setting innovation benchmarks. The bank ended H1 with 12.2 million customers, adding around 1.4 million new customers during the period, with 45.3% acquired digitally and 43.8% through ecosystem partners. It set a record for customer acquisition in the […]

Retail Asia20/07/2023
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1min0
SJC gold price gained 0.07% to VND67.25 million ($2,844.76) per tael Thursday morning. Gold ring price rose 0.26% to VND57.1 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices inched up on Thursday, hovering near an eight-week peak on bets that the U.S. Federal Reserve might soon hit pause on […]


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